Seller's Agent in 2025
Jim Pruett
Exp Realty
(812) 274-0660
169 in this area
362 Total Sales
508 W State St Madison, IN 47250
Estimated Value: $126,000 - $169,776
3
Beds
2
Baths
1,416
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Wood Frame Window
- Porch
- Forced Air Heating and Cooling System
- Country Kitchen
- Entrance Foyer
- Combination Dining and Living Room
About This Home
As of September 2020Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional roomsperfect for bedrooms or office spacealong with a second full bath. The area beneath the home provides convenient storage or space for a golf cart. Situated in a high-traffic area, this property is an excellent investment opportunity. Inspections are welcome, but the property is being sold as-is. Don't miss your chanceschedule a showing today! The apartment is occupied by a tenant and requires 24 hour notice for showings. Property recently appraised and priced accordingly. Tenant pay $800 plus 50% of utilities which averages $120/mo.
Last Agent to Sell the Property
Tom Lawson Real Est & Auction License #RB14039977 Listed on: 05/12/2020
Last Buyer's Agent
Tom Lawson Real Est & Auction License #RB14039977 Listed on: 05/12/2020
Home Details
Home Type
- Single Family
Year Built
- Built in 1974
Lot Details
- 3,049
Parking
- Driveway
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 1,416 Sq Ft Home
- Multi-Level Property
- Wood Frame Window
- Entrance Foyer
- Combination Dining and Living Room
- Basement
- Basement Lookout
- Attic Access Panel
- Fire and Smoke Detector
Kitchen
- Country Kitchen
- Electric Oven
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
Additional Features
- Porch
- 3,049 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 390827224054000007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2020
Closed on
Sep 22, 2020
Sold by
Young Sandra
Bought by
Wilson John
Seller's Agent
Daniel Stark
Tom Lawson Real Est & Auction
Buyer's Agent
Daniel Stark
Tom Lawson Real Est & Auction
List Price
$89,500
Sold Price
$62,500
Premium/Discount to List
-$27,000
-30.17%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,444
Avg. Annual Appreciation
16.88%
Purchase Details
Closed on
Jul 16, 2008
Sold by
Loretta
Bought by
Sandra and Joseph
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wilson John | $62,500 | -- | |
| Sandra | -- | -- | |
| Kent Sandra K | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/22/2025 10/22/25 | Sold | -- | -- | -- | View Prior Sale |
| 10/08/2025 10/08/25 | Pending | -- | -- | -- | |
| 09/11/2025 09/11/25 | Price Changed | $134,900 | -6.9% | $112 / Sq Ft | |
| 07/15/2025 07/15/25 | Price Changed | $144,900 | -3.3% | $121 / Sq Ft | |
| 06/12/2025 06/12/25 | Price Changed | $149,900 | -6.3% | $125 / Sq Ft | |
| 04/01/2025 04/01/25 | Price Changed | $159,900 | -1.6% | $133 / Sq Ft | |
| 02/28/2025 02/28/25 | For Sale | $162,500 | +160.0% | $135 / Sq Ft | |
| 09/22/2020 09/22/20 | Sold | $62,500 | -30.2% | $44 / Sq Ft | |
| 09/02/2020 09/02/20 | Pending | -- | -- | -- | |
| 05/12/2020 05/12/20 | For Sale | $89,500 | -- | $63 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,258 | $62,900 | $5,100 | $57,800 |
| 2023 | $1,258 | $62,900 | $5,100 | $57,800 |
| 2022 | $1,246 | $62,300 | $5,100 | $57,200 |
| 2021 | $1,246 | $62,300 | $5,100 | $57,200 |
| 2020 | $1,944 | $97,200 | $5,100 | $92,100 |
| 2019 | $0 | $93,000 | $5,100 | $87,900 |
| 2018 | $0 | $93,000 | $5,100 | $87,900 |
| 2017 | $0 | $91,700 | $5,100 | $86,600 |
| 2016 | $0 | $91,700 | $5,100 | $86,600 |
| 2014 | -- | $77,500 | $5,100 | $72,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Pruett
-
Daniel Stark
D
Seller's Agent in 2020
Daniel Stark
Tom Lawson Real Est & Auction
(812) 767-0543
27 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: MBR21709738
APN: 39-08-27-224-054-000-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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